Greek accommodation enterprises were back on track in July 2021, recording nearly 1 billion euros in turnover up by 230.3% compared to the same month last year.
The decision to ease Covid-19 restrictions and allow economic activity earlier this year, as well as the opening to tourists contributed to a recovery in Greek business turnover in the 2nd quarter of 2021.
Greek accommodation services providers saw turnover increase in the second quarter of the year by 452.3% over Q2 2020, according to the Hellenic Statistical Authority (ELSTAT).
With tourism heavily impacted in 2020 by the Covid-19 pandemic, Greece’s revenue from travel receipts dropped to 4.24 billion euros during January-November.
Inbound travelers from France are set to rise this year by approximately 10-12 percent, according to data of the Greek National Tourism Organization (GNTO).
SETE Intelligence forecasts increased incoming tourist traffic through Greece’s regional airports in 2018 based on the number of planned seats by airlines.
The Tourism Ministry introduced a pilot Tourism Satellite Account that aims to achieve a complete picture of Greece’s arrivals and revenue from tourists.
Travelers from the UK and Germany boosted the Greek economy by spending about 1.48 billion euros each between January and August this year, according to the Bank of Greece.
Increased tourist arrivals and the incoming cash flow appear to have saved Greece from the depths of recession, according to a report released last week by Alpha Bank.
